[4][5][1][6] In 2021, the total cost of planned upgrade in 3 phases, including the actual spend and future approved allocations, is nearly ₹5,200 crore ($700 million).

[10][11] Hisar is a Counter Magnet City within the National Capital Region inside the Delhi Mumbai Industrial Corridor Project (DMIC).

[1] In 1970–71, a privately managed air service was introduced on Delhi–Patiala–Hisar–Delhi route, which was terminated after a period of 6 months due to lack of financial viability.

On 26 July 2021, Chief Minister of Haryana, Manohar Lal Khattar, announced that the airport will be named after the Maharaja Agrasen.

[27] Additional 3,000 acres (1,200 ha) contiguous land of Government Livestock Farm in the Talwandi Rana village, next to Lala Lajpat Rai University of Veterinary and Animal Sciences, was also transferred to the airport for developing the commercial, industrial and hospitality zone of integrated aerocity.

[29] In 2016, Frost and Sullivan completed a feasibility study for the development of an integrated aviation hub including an international airport in 3 phases.

[27] The airport was upgraded for domestic flights under the Government of India's UDAN scheme with technical collaboration with AAI,[5] which was completed by December 2018,[27] The upgrade included new terminal building, 3 hangars, strengthening of runway, installation of night flying equipments, perimetre flood lights, security equipments and arrangements, widening of approach road to four lanes, etc.,[27][30][36] with a cumulative total of more than ₹300 crore (equivalent to ₹401 crore or US$46 million in 2023) allocation from the Haryana Government during the 2016–17, 2017–18 and 2018–19 state budgets.

[27][30][31][32][33][34] Phase-I is complete after environment clearance was obtained, and domestic flights started for Chandigarh, Dhramshala, Jammu and Dehradun.

[27][30][38][39] Status as of July 2021 is as follows:[24][25] Note: Revised deadline for completion of the following work related to MRO & Cargo Hub, airstrip ectension, boundary wall, taxi ways and bays, night and fog landing runway lights, etc.

[40] Starting from fy 2021–22, this phase will be completed in three sub-phases with the planned initial investment for each phase as follows:[35] On 28 Feb 2018, Civil Aviation minister announced that Hisar will become India's largest international airport, feasibility report of which was already complete, AAI had submitted the proposal for upgrade work to the Ministry of Civil Aviation.

[42][25] Based on AAI's DPR (detailed project report), tenders were issued in 2019 for developing the phase-III International Aviation Hub scope of which also includes runway extension.

[24] Haryana government was actively pursuing with the private and public sector companies to set up their base in the Hisar integrated aviation industrial park.

DPR for double-tracks of broad gauge rail from Raipur railway halt to airport dry port area was ready in August 2021 and it will be constructed as part of Phase-III.

[35] MoRTH has approved a Multi-Modal Logistics Parks (MMLP) for Hisar,[47] DPR and subsequent tender are under preparation as of July 2021.

As of July 2021, MoRTH has planned to develop 35 MMLPs under Public-Private Partnership (PPP) in Design, Build, Finance, Operate and Transfer (DBFOT) mode.

Based on the detailed project report (DPR), feasibility study and approved bidding document, the tender will be invited from companies.

The bidding documents (The Model Concession Agreement and Request for Proposal) is being finalised for these 35 MMLPs, each of which will have a minimum area of 100 acres (40.5 hectares), with various modes of transport access, and comprising mechanized warehouses, specialized storage solutions such as cold storage, facilities for mechanized material handling and inter-modal transfer container terminals, and bulk and break-bulk cargo terminals.

[50] DPR for double-tracks of broad gauge rail from Raipur railway halt to airport dry port area was ready in August 2021 and it will be constructed as part of Phase-III.

[51] Once the under construction Hisar-Hansi line is completed, 200 km/hour semi-high speed Hisar-Hansi-Rohtak-Bahadurgarh-IGI Delhi will be operated which will run at an average speed of 160 km/h and will travel the distance between Hisar Airport to IGI Delhi in one and half hours, and an underground railway station will be constructed at the Hisar airport for the integrated transport hub.

[30][54][3] This may require upgrade/replacement of existing or laying of additional new line between Hansi to Asaudha (near Bahadurgarh on Haryana Orbital Rail Corridor).